GITNUX MARKETDATA REPORT 2024

The Most Surprising Automation Industry Statistics in 2024

Statistic 1

"The industrial automation market is expected to grow at a CAGR of 8.9% from 2023 to 2030."

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Statistic 2

"The industrial IoT (IIoT) market size was valued at USD 77 billion in 2022 and is expected to grow at a CAGR of 23.6%."

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Statistic 3

"By 2025, smart manufacturing technology investments could reach USD 300 billion."

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Statistic 4

"By 2027, the industrial automation market is projected to reach USD 265 billion."

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Statistic 5

"In 2021, the Asia-Pacific region held over 40% of the industrial automation market share."

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Statistic 6

"The global industrial automation market size was valued at USD 168.81 billion in 2022."

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Statistic 7

"In 2022, about 70% of industrial companies had some form of AI/ML technology deployed in their operations."

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Statistic 8

"The automotive industry is the largest end-user of industrial automation, constituting about 20% of the market share in 2021."

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Statistic 9

"The industrial robotics market is anticipated to grow at a CAGR of 14.1% from 2023 to 2030."

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Statistic 10

"The global market for factory automation estimated at USD 188 billion in the year 2022."

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Statistic 11

"The global process automation market is estimated to reach USD 142 billion by 2025."

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Statistic 12

"North America accounted for approximately 26% of the global industrial automation market in 2021."

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Statistic 13

"Up to 30% reduction in operational costs can be achieved through the implementation of industrial automation solutions."

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Statistic 14

"Over 73% of manufacturers planned to increase their automation budget in 2023."

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Statistic 15

"In 2022, about 60% of manufacturing firms had invested in AI technologies for automation."

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Statistic 16

"By 2030, it is estimated that around 3.5 million industrial robot units will be operational globally."

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Statistic 17

"The robotics segment of the automation industry was valued at USD 39 billion in 2022."

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Statistic 18

"85% of businesses believe automation will help in scaling their production and operations."

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Statistic 19

"Over 50% of all manufacturing tasks could be automated with current technologies."

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Statistic 20

"The software segment in the industrial automation market is projected to grow at a CAGR of 10.3% from 2023 to 2030."

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